Reliance Home Finance Ltd

Reliance Home Finance Ltd

₹ 4.27 5.43%
14 Jun 4:01 p.m.
About

Incorporated in 2008, Reliance Home Finance Ltd is in housing finance business[1]

Key Points

Business Overview:[1]
Company is promoted by Reliance Capital Limited (RCL) which is a part of the ADAG (Anil Dhirubhai Ambani Group) and holds ** 47.91%** stake in the company. RHFL is registered as housing finance company with National Housing Bank without accepting public deposits and is engaged in mortgaged based lending operations

  • Market Cap 206 Cr.
  • Current Price 4.27
  • High / Low 6.22 / 1.61
  • Stock P/E
  • Book Value -1.59
  • Dividend Yield 0.00 %
  • ROCE -17.2 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -80.1% over past five years.
  • Promoter holding is low: 0.74%
  • Promoter holding has decreased over last 3 years: -48.8%
  • Working capital days have increased from -1,027 days to 224 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Finance Industry: Finance - Housing

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
139.83 129.50 69.66 75.65 15.88 93.63 72.27 140.77 75.50 0.12 0.16 0.16 0.18
533.26 292.10 226.77 216.09 6,067.77 44.76 44.91 16.24 -9,059.62 -6.05 0.82 2.72 5.48
Operating Profit -393.43 -162.60 -157.11 -140.44 -6,051.89 48.87 27.36 124.53 9,135.12 6.17 -0.66 -2.56 -5.30
OPM % -281.36% -125.56% -225.54% -185.64% -38,110.14% 52.19% 37.86% 88.46% 12,099.50% 5,141.67% -412.50% -1,600.00% -2,944.44%
22.25 1.18 1.10 0.07 0.47 0.13 6.02 -0.05 -274.14 0.26 0.00 0.00 0.00
Interest 302.10 273.68 274.52 325.85 311.04 251.77 272.19 266.63 -759.27 0.00 0.00 0.00 1.45
Depreciation 0.54 0.54 0.53 0.53 210.49 0.51 0.49 21.25 0.48 0.00 0.00 0.00 0.00
Profit before tax -673.82 -435.64 -431.06 -466.75 -6,572.95 -203.28 -239.30 -163.40 9,619.77 6.43 -0.66 -2.56 -6.75
Tax % 34.02% 34.00% 34.00% 26.00% 31.20% 31.20% 31.20% -52.53% 37.92% 0.00% 0.00% 0.00% 0.00%
-444.62 -287.53 -284.49 -345.39 -4,522.19 -139.86 -164.64 -249.24 5,972.31 6.43 -0.66 -2.56 -6.75
EPS in Rs -9.17 -5.93 -5.87 -7.12 -93.23 -2.88 -3.39 -5.14 123.13 0.13 -0.01 -0.05 -0.14
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
361.14 428.78 512.49 814.99 1,114.07 1,683.27 2,000.14 1,599.91 839.64 293.15 391.04 0.62
64.73 86.50 89.96 141.67 234.88 372.57 575.04 829.21 1,920.43 6,802.47 -8,933.12 2.98
Operating Profit 296.41 342.28 422.53 673.32 879.19 1,310.70 1,425.10 770.70 -1,080.79 -6,509.32 9,324.16 -2.36
OPM % 82.08% 79.83% 82.45% 82.62% 78.92% 77.87% 71.25% 48.17% -128.72% -2,220.47% 2,384.45% -380.65%
0.00 0.93 0.11 0.04 14.68 0.05 2.45 2.36 0.37 0.35 -276.91 0.26
Interest 254.22 276.98 316.70 535.93 749.01 1,061.74 1,322.57 1,336.72 1,219.83 1,185.34 31.50 1.45
Depreciation 0.16 0.19 0.03 0.72 7.06 2.08 3.38 3.62 2.64 212.09 1.96 0.00
Profit before tax 42.03 66.04 105.91 136.71 137.80 246.93 101.60 -567.28 -2,302.89 -7,906.40 9,013.79 -3.55
Tax % 34.62% 34.30% 34.79% 36.54% -25.25% 32.24% 33.64% 33.84% 34.00% 31.20% 39.89% 0.00%
27.48 43.39 69.06 86.76 172.59 167.33 67.42 -375.32 -1,519.91 -5,439.60 5,418.57 -3.55
EPS in Rs 4.18 6.59 10.49 13.18 14.90 3.45 1.39 -7.74 -31.33 -112.14 111.71 -0.07
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 3.36% 28.99% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -48%
5 Years: -80%
3 Years: -91%
TTM: -100%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 26%
TTM: -100%
Stock Price CAGR
10 Years: %
5 Years: -22%
3 Years: -3%
1 Year: 18%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 65.82 65.82 65.82 65.82 115.82 485.06 485.06 485.06 485.06 485.06 485.06 485.06
Reserves 355.09 398.48 467.54 554.30 1,013.78 1,339.46 1,356.94 981.69 -538.02 -5,977.46 -558.89 -562.24
1,939.63 2,376.86 3,639.50 6,548.29 9,670.27 13,135.96 15,698.92 13,235.23 12,976.40 12,714.46 86.99 91.41
592.96 903.74 1,384.53 525.18 546.78 447.27 584.52 1,027.21 1,974.56 2,922.27 21.69 15.59
Total Liabilities 2,953.50 3,744.90 5,557.39 7,693.59 11,346.65 15,407.75 18,125.44 15,729.19 14,898.00 10,144.33 34.85 29.82
0.25 0.09 39.45 44.31 67.68 264.41 265.79 261.79 259.33 47.70 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 1.94 0.16 0.53 0.00 0.07 0.00 0.00
Investments 13.76 320.00 0.00 80.42 507.76 54.06 93.46 950.74 1,007.44 160.78 0.00 0.00
2,939.49 3,424.81 5,517.94 7,568.86 10,771.21 15,087.34 17,766.03 14,516.13 13,631.23 9,935.78 34.85 29.82
Total Assets 2,953.50 3,744.90 5,557.39 7,693.59 11,346.65 15,407.75 18,125.44 15,729.19 14,898.00 10,144.33 34.85 29.82

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1.68 412.05 -179.27 433.43 -3,296.27 -3,507.32 -1,189.02 4,713.05 3,068.08 -597.38 4,103.02 -21.79
23.40 -281.72 293.15 -71.50 -355.05 495.79 -55.00 -856.08 -1,559.75 848.31 -104.81 0.64
-0.33 0.00 0.00 0.00 3,226.73 2,817.99 1,290.91 -3,927.20 -1,373.56 -366.90 -4,035.08 4.07
Net Cash Flow 21.39 130.33 113.88 361.93 -424.59 -193.54 46.89 -70.23 134.77 -115.97 -36.87 -17.08

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Days
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Working Capital Days -287.94 -314.22 -421.56 -361.38 -260.90 -24.43 33.20 -138.55 -682.05 -3,300.73 -4.09 223.71
ROCE % 12.77% 13.19% 12.05% 11.86% 10.05% 10.16% 8.76% 4.78% -7.84% -66.73% 257.70%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
49.58% 49.58% 49.58% 49.58% 48.78% 48.64% 48.64% 48.64% 43.61% 0.74% 0.74% 0.74%
2.39% 2.39% 2.19% 2.19% 2.19% 2.19% 2.19% 2.19% 0.39% 0.39% 0.39% 0.39%
1.56% 1.56% 1.56% 1.56% 1.56% 1.55% 1.55% 1.55% 1.55% 1.55% 1.55% 1.55%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
46.46% 46.46% 46.67% 46.67% 47.46% 47.60% 47.61% 47.60% 54.44% 97.30% 97.31% 97.32%
No. of Shareholders 8,43,7728,44,9058,47,9488,53,2158,52,8148,60,4948,54,2628,52,4518,54,3518,82,1159,04,9079,50,122

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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